Stock Market: Opening Bell

Daily Market Updates Opening Bell
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6 Things to Note Before Market Opens on November 11, 2024

On November 11, 2024, the benchmark indices, Sensex and Nifty 50 are likely to open lower following weakness in Asian markets. At 07:55 AM, Gift Nifty was trading up by 0.03% at 24,125.

Previous Trading Session

On Friday, November 8, 2024, the Sensex fell by 0.07%, closing at 79,486.32, while the Nifty 50 declined by 0.21%, ending at 24,148.20.

FII and DIIs

On November 8, 2024, DIIs bought securities worth ₹11,246.96 crore, while FIIs sold securities worth ₹12,740.98 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.69 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Crude oil prices stabilised followed by their largest single-day decline in nearly two weeks due to a subdued outlook from China. Brent crude declined by 0.05% to $73.83 per barrel after a 2.3% drop on Friday, while US WTI dropped 0.16% to $70.27.

Asian Markets

Asian markets opened lower on Monday, influenced by weaker-than-expected October inflation data from China. Japan’s Nikkei 225 declined 0.14%, with the Topix remaining steady. South Korea’s Kospi and Kosdaq dropped by 0.57% and 0.58%, respectively.

US Markets

US stock markets closed higher on Friday, marking their strongest weekly percentage gain in a year followed by Donald Trump’s election victory. The Dow Jones Industrial Average grew by 0.59%, to reach 43,988.99. The S&P 500 rose 0.38%, to 5,995.54, while the Nasdaq Composite added 0.09%, ending at 19,286.78.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Note Before Market Opens on November 12, 2024

On November 12, 2024, the benchmark indices Sensex and Nifty 50 are likely to open muted amid mixed global market performance. At 08:07 AM, Gift Nifty was trading up by 0.08% at 24,258.50.

Previous Trading Session

On Monday, November 11, 2024, the Sensex rose by 0.01%, closing at 79,496.15, while the Nifty 50 fell by 0.03%, ending at 24,141.30.

FII and DIIs

On November 11, 2024, DIIs bought securities worth ₹9,848.87 crore, while FIIs sold securities worth ₹11,737.73 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.73 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Crude oil prices remained under pressure, with Brent crude dropping 2.76% to $71.83 per barrel due to soft demand forecasts from China and oversupply concerns. The U.S. WTI crude futures managed a modest rebound of 0.28% to $68.23 after falling over 3% on Monday.

Asian Markets

Asian markets showed mixed performance on Tuesday. Japan’s Nikkei 225 rose by 0.23%, and the Topix increased by 0.68%. Meanwhile, South Korea’s Kospi dropped by 1.25%, and the Kosdaq Index declined by 2.04%.

US Markets

U.S. stock markets ended highly on Monday, with all major Wall Street indexes reaching record closing highs. The Dow Jones Industrial Average increased by 0.69%, closing above 44,000 for the first time at 44,293.13, while the S&P 500 rose by 0.10% to finish at 6,001.35. The Nasdaq also saw a slight increase of 0.06%, ending at 19,298.76.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Note Before Market Opens on November 13, 2024

On November 13, 2024, the benchmark indices Sensex and Nifty 50 are likely to open on a lower note followed by weakness in the global market. At 07:57 AM, Gift Nifty was trading down by 0.06% at 23,897.50.

Previous Trading Session

On Tuesday, November 12, 2024, the Sensex dropped by 1.03%, to close at 78,675.18, while the Nifty 50 fell by 1.07%, ending at 23,883.45.

FII and DIIs

On November 12, 2024, DIIs bought securities worth ₹10,330.28 crore, while FIIs sold securities worth ₹15,567.04 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.52 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

On Tuesday, crude oil prices steadied near their lowest levels of the month. Brent crude declined 0.01% to $71.88 per barrel, while U.S. WTI futures dropped 0.07% to $68.07.

Asian Markets

Asian markets traded lower on Wednesday, following overnight losses on Wall Street. Japan’s Nikkei 225 dropped 0.5%, while the Topix slipped 0.3%. South Korea’s Kospi declined by 1.1%, and the Kosdaq Index fell by 1.4%.

US Markets

On Tuesday, U.S. stock markets closed in the red amid profit-taking, with investors awaiting upcoming U.S. inflation data. The Dow Jones Industrial Average dropped 0.86%, to 43,910.98. The S&P 500 fell 0.29%, to 5,983.99, while the Nasdaq Composite decreased by 0.09%, to close at 19,281.40.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Note Before Market Opens on November 14, 2024

On Thursday, November 14, 2024, the benchmark indices Sensex and Nifty 50 are likely to open cautiously, followed by a mixed performance from global markets and an increase in the US dollar index. At 08:07 AM, Gift Nifty was trading down by 0.18% at 23,629.

Previous Trading Session

On November 13, 2024, the Sensex dropped 1.25%, to close at 77,690.95, while the Nifty 50 fell by 1.36%, ending at 23,559.05.

FII and DIIs

On November 13, 2024, DIIs bought securities worth ₹14,095.16 crore, while FIIs sold securities worth ₹17,680.75 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.55 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Meanwhile, crude oil prices slipped slightly amid concerns over weak demand growth and a stronger dollar. Brent crude futures dropped 0.08% to $72.22 per barrel, while U.S. WTI crude futures dipped 0.19% to $68.30 per barrel.

Asian Markets

Asian markets traded mixed on Thursday, mirroring Wall Street’s overnight response to the latest U.S. inflation data for October. Japan’s Nikkei 225 grew by 0.74% and the Topix rose by 0.58%.

US Markets

In the U.S. stock market, Wednesday’s session ended mixed following inflation data that aligned with expectations. The Dow Jones Industrial Average grew by 0.11%, to close at 43,958.19. The S&P 500 gained 0.02%, to finish at 5,985.38, while the Nasdaq Composite declined by 0.26%, to settle at 19,230.74.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Markets Open on November 18, 2024

The Indian stock market, represented by the Sensex and Nifty 50, is expected to be influenced by weak global market trends on Monday, November 18.

Asian markets opened mostly lower, while US markets ended last week in the red. The S&P 500 and Nasdaq recorded their steepest single-day losses in two weeks.

Investors are keeping a close eye on critical factors such as:

  • Maharashtra Assembly elections
  • Foreign fund flows
  • Geopolitical tensions in the Middle East
  • US bond yields and the dollar’s movement
  • Crude oil prices
  • Domestic and global economic data

Previous Trading Session

Indian markets were closed on Friday, November 15, for Guru Nanak Jayanti.
On Thursday, November 14, Sensex and Nifty 50 marked their 6th consecutive session of losses. Sensex declined 110.64 points (0.14%) to 77,580.31, while Nifty 50 slipped 26.35 points (0.11%) to 23,532.70.

FII and DII Activity

On November 14, Domestic Institutional Investors (DIIs) bought securities worth ₹10,200.35 crore, while Foreign Institutional Investors (FIIs) sold securities worth ₹14,852.93 crore.

Put Call Ratio (PCR)

Nifty’s PCR dropped to 0.65 in the last session. A PCR below 0.7 or moving closer to 0.5 reflects a bearish outlook, while a PCR above 0.7 suggests a bullish sentiment.

Oil Prices

Crude oil prices weakened over concerns about increased supply and lower demand in China.

  • Brent crude fell 0.13% to $70.95 per barrel after a 3.8% drop last week.
  • West Texas Intermediate (WTI) declined 0.31% to $66.81.

Asian Markets Update

Asian stocks were mostly lower today as investors awaited key economic data, including China’s prime lending rate and Japan’s inflation figures.

  • Japan’s Nikkei 225 dropped 1.16%, while Topix slipped 0.65%.
  • South Korea’s Kospi gained 1.06%, but Kosdaq fell 0.62%.
  • Hong Kong’s Hang Seng futures signalled a positive start.

US Markets Recap

Wall Street closed lower on Friday amid concerns over slower interest rate cuts by the US Federal Reserve.

  • The Dow Jones dropped 305.87 points (0.70%) to 43,444.99.
  • The S&P 500 fell 78.55 points (1.32%) to 5,870.62.
  • The Nasdaq Composite declined 427.53 points (2.24%) to 18,680.12.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before the Market Opens on November 19, 2024

Sensex and Nifty 50 are expected to be influenced on November 19, 2024, by positive global market cues.

Asian markets opened higher, tracking overnight gains in the US, where the Nasdaq and S&P 500 closed in the green. Gift Nifty was trading at 23,545, about 30 points above the previous close of Nifty futures, indicating a mildly positive start.

Previous Session

On November 18, Indian markets extended their losing streak to 7 sessions, the longest since February 2023. The Sensex fell 241.30 points (0.31%) to 77,339.01, while the Nifty 50 dropped 78.90 points (0.34%) to 23,453.80.

FII and DII Activity

Domestic Institutional Investors (DIIs) purchased ₹11,521.42 crore worth of securities on November 18, while Foreign Institutional Investors (FIIs) sold securities worth ₹15,659.69 crore.

Put-Call Ratio (PCR)

Nifty’s PCR rose to 0.71 in the previous session. A PCR above 0.7 signals bullish sentiment, while a ratio below 0.7 indicates bearish trends.

Commodities

Oil: Crude oil prices stabilised after their biggest rise in over 5 weeks, supported by a weaker dollar. WTI traded near $69 per barrel after a 3.2% surge, while Brent climbed 3.18% to $73.30 per barrel.

Gold: Gold prices rebounded after 6 days of losses as the US dollar weakened. Spot gold rose 1.93% to $2,610.73 per ounce, and US gold futures increased 1.7% to $2,614.60.

Asian Markets

Japan’s Nikkei 225 gained 0.68%, and the Topix rose 0.65%. South Korea’s Kospi and Kosdaq were flat. Hong Kong’s Hang Seng futures pointed to a positive start.

US Markets

US indices ended mixed as Treasury selloffs eased. The Dow Jones fell 55.39 points (0.13%) to 43,389.60. The S&P 500 gained 23.00 points (0.39%) to 5,893.62, and the Nasdaq rose 111.69 points (0.60%) to 18,791.81.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on November 21, 2024

The Indian stock market is likely to see cautious sentiment on Thursday, reflecting weak global trends. Asian markets traded lower, and Wall Street ended mixed amid escalating concerns over the Russia-Ukraine conflict.

The geopolitical situation worsened after Ukraine launched long-range British Storm Shadow missiles at Russian territory, following earlier strikes with U.S.-made ATACMS missiles. In response, Russia announced a lowered threshold for nuclear retaliation. Domestically, the spotlight is on the Maharashtra Election 2024 results, with exit polls suggesting a likely return of the BJP-led ‘Mahayuti’ alliance.

Previous Trading Session

Markets were closed on Wednesday, November 20, due to the Maharashtra elections. However, on Tuesday, the Sensex gained 239.37 points (0.31%) to close at 77,578.38, while the Nifty 50 rose by 64.70 points (0.28%) to end at 23,518.50, breaking a seven-day losing streak.

FII and DIIs

On November 19, 2024, domestic institutional investors (DIIs) purchased securities worth ₹13,657.81 crore, while foreign institutional investors (FIIs) sold securities worth ₹18,666.82 crore.

Put Call Ratio (PCR)

Nifty’s PCR stood at 0.65 in the previous session. A PCR below 0.7 or approaching 0.5 indicates bearish sentiment, while a ratio above 0.7 or nearing 1 signals optimism. A higher PCR suggests more Put options are being sold, indicating bullish sentiment, while a lower PCR shows more Call options being sold, reflecting bearishness.

Gold Prices

Gold prices climbed for the fourth consecutive session as investors turned to safe-haven assets amid intensifying Russia-Ukraine tensions. Spot gold rose 0.2% to $2,654.50 per ounce, while U.S. gold futures increased by 0.2% to $2,657.10.

Asian Markets

Asian markets showed mixed results following a subdued Wall Street session. Japan’s Nikkei 225 dropped 0.67%, and the Topix fell 0.22%. In South Korea, the Kospi gained 0.13%, but the Kosdaq declined 0.58%. Futures for Hong Kong’s Hang Seng index pointed to a weaker opening.

US Markets

U.S. stocks ended mixed on Wednesday. The Dow Jones Industrial Average rose by 139.53 points (0.32%) to 43,408.47, while the S&P 500 added a marginal 0.13 points to 5,917.11. The Nasdaq Composite, however, slipped by 21.32 points (0.11%) to close at 18,966.14.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on November 22, 2024

The Indian stock market is likely to be impacted on Friday, driven by strong global trends. Asian markets are trading higher, and the U.S. markets closed on a high note, with the S&P 500 marking its fourth straight day of gains.

Investors are closely watching statements from U.S. Federal Reserve officials ahead of the mid-December FOMC meeting. According to CME Group’s FedWatch tool, there is a high expectation for a 25-basis-point rate cut by the Fed in December. Meanwhile, rising tensions between Ukraine and Russia continue to push crude oil prices upward.

Previous Trading Session

On Thursday, Indian indices slipped, with the Sensex declining by 422.59 points (0.54%) to 77,155.79 and the Nifty 50 falling by 168.60 points (0.72%) to 23,349.90.

FII and DIIs

On November 21, 2024, Domestic Institutional Investors (DIIs) purchased securities worth ₹14,555.77 crore, while Foreign Institutional Investors (FIIs) offloaded ₹21,880.31 crore worth of shares.

Put Call Ratio (PCR)

Nifty’s PCR stood at 0.84 in the previous session. A ratio below 0.7 indicates bearish sentiment, while a ratio above 0.7 or nearing 1 reflects optimism.

Gold Prices

Gold prices remained stable but are set to end the week with gains, fueled by safe-haven demand due to geopolitical tensions. Spot gold stayed at $2,669.99 per ounce, up over 4% for the week. U.S. gold futures slipped slightly by 0.1% to $2,672.00.

Asian Markets

Asian markets traded higher on Friday, tracking Wall Street’s rally and positive regional economic data. Japan’s Nikkei 225 gained 0.54%, and the Topix rose 0.51%. South Korea’s Kospi added 0.67%, and the Kosdaq edged up 0.47%. However, Hong Kong’s Hang Seng index futures pointed to a flat opening.

US Markets

The U.S. stock market ended higher on Thursday, with the Dow Jones and S&P 500 hitting one-week highs. The Dow gained 461.88 points (1.06%) to close at 43,870.35, while the S&P 500 rose 31.60 points (0.53%) to 5,948.71. The Nasdaq Composite edged up 6.28 points (0.03%) to finish at 18,972.42.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on November 25, 2024

On Monday, November 25, 2024, the benchmark indices Sensex and Nifty 50 are likely to open on a positive note amid positive global market performance. At 08:07 AM, Gift Nifty was trading up by 0.28% at 24,336.50.

Previous Trading Session

On November 22, 2024, the Nifty 50 rose 2.39% closing at 23,907.25, and the Sensex grew by 2.54% ending at 79,117.11.

FII and DIIs

On November 22, 2024, DIIs bought securities worth ₹12,251.72 crore, while FIIs sold securities worth ₹18,263.73 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.15 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Oil prices increased nearly 1% on Friday. Brent crude futures rose 1.3% to close at $75.17 per barrel, while U.S. WTI crude gained 1.6% to settle at $71.24 per barrel.

Asian Markets

Asian markets traded positively on Monday. Japan’s Nikkei 225 rose 1.61%, with the broader Topix advancing 0.97%. South Korea’s Kospi grew by 1.38%, while the small-cap Kosdaq outperformed with a 2.29% rise. In Hong Kong, the Hang Seng Index increased 0.34%, whereas mainland China’s CSI 300 remained largely unchanged.

US Markets

On Friday, U.S. markets ended on a high note, with the Dow Jones Industrial Average reaching a record close, marking a strong week for stocks. The blue-chip Dow rose by 0.97% to close at 44,296.51, achieving its third consecutive positive session and a new all-time high. The S&P 500 advanced 0.35%, extending its winning streak to five days, while the tech-focused Nasdaq Composite gained 0.16%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on November 26, 2024

On November 26, 2024, the benchmark indices Sensex and Nifty 50 are expected to be impacted as global markets experience mixed trends. At 08:41 AM, Gift Nifty was trading down by 0.24% at 24,295.

Previous Trading Session

On November 25, 2024, Sensex rose 2.54%, to close at 80,109.85, while the Nifty50 climbed 1.32%, to end at 24,221.90.

FII and DIIs

On November 25, 2024, DIIs sold securities worth ₹24,532.72 crore, while FIIs bought securities worth ₹85,251.94 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.03 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Oil prices extended their decline from the previous session. Brent crude futures dropped 0.38% to $72.73, while U.S. WTI crude futures declined 0.46% to $68.62 a barrel.

Asian Markets

In Asia, on Tuesday, Japan’s Nikkei share average dropped over 1%, reflecting concerns over Trump’s tariff commitments, while South Korea’s KOSPI slipped 0.4%.

US Markets

Wall Street ended Monday on a positive note. The S&P 500 grew 0.30% to 5,987.15, the Nasdaq Composite climbed 0.27% to 19,055.15, and the Dow Jones Industrial Average rose 0.99% to close at 44,735.53.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Note Before Market Opens on November 27, 2024

On November 27, 2024, the benchmark indices Sensex and Nifty 50 are expected to open positively with GIFT Nifty trading over 185.5 points higher than Tuesday’s close on Nifty Futures, despite mixed global market performance.

Previous Trading Session

On November 26, 2024, the Sensex closed at 80,004.06 points, dropping by 0.13%. Meanwhile, the Nifty 50 closed at 24,194.50 points, down by 0.11%.

FII and DIIs

On November 26, 2024, DIIs sold securities worth ₹10,317.01 crore, while FIIs bought securities worth ₹10,971.18 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.94 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Oil prices remained steady in early Wednesday trading. Brent crude futures dropped marginally by 2 cents to $72.79 per barrel, while U.S. West Texas Intermediate crude futures declined 0.1%, to $68.73 per barrel.

Asian Markets

Asian markets largely traded in the red on Wednesday. Hong Kong’s Hang Seng index dropped by 0.15%, mainland China’s CSI 300 fell by 0.2%, Japan’s Nikkei 225 declined by 0.9%, and the Topix index fell by 0.95%. In South Korea, the Kospi index slid 0.1%, while the Kosdaq dropped 0.2%.

US Markets

U.S. markets continued to hit record highs on Tuesday. The S&P 500 grew 0.6%, surpassing its previous all-time high. The Dow Jones Industrial Average rose 123 points, or 0.3%, marking another record close. Meanwhile, the Nasdaq composite increased by 0.6%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.